MFG Wealth Management Inc. grew its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 60.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,909 shares of the utilities provider's stock after purchasing an additional 18,365 shares during the quarter. Dominion Energy comprises approximately 2.6% of MFG Wealth Management Inc.'s portfolio, making the stock its 8th biggest holding. MFG Wealth Management Inc.'s holdings in Dominion Energy were worth $2,742,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new position in shares of Dominion Energy during the first quarter worth approximately $314,000. QRG Capital Management Inc. boosted its holdings in shares of Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock valued at $503,000 after buying an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Dominion Energy by 114.8% during the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock valued at $680,000 after buying an additional 6,462 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Dominion Energy by 9.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 265,740 shares of the utilities provider's stock worth $14,900,000 after purchasing an additional 21,991 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Dominion Energy by 2.6% in the 4th quarter. Franklin Resources Inc. now owns 8,944,086 shares of the utilities provider's stock worth $481,728,000 after purchasing an additional 225,339 shares during the last quarter. Institutional investors own 73.04% of the company's stock.
Analyst Upgrades and Downgrades
D has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. UBS Group upped their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Finally, Morgan Stanley lowered their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dominion Energy has an average rating of "Hold" and an average price target of $58.38.
Check Out Our Latest Report on Dominion Energy
Dominion Energy Trading Up 1.3%
NYSE D traded up $0.70 on Friday, reaching $55.88. 6,225,491 shares of the company were exchanged, compared to its average volume of 4,727,799. The business's fifty day moving average price is $55.16 and its 200 day moving average price is $54.69. The stock has a market capitalization of $47.65 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.20 and a beta of 0.56. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97.
Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the previous year, the business earned $0.55 EPS. The company's quarterly revenue was up 12.2% compared to the same quarter last year. Analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.
Dominion Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.78%. The ex-dividend date was Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.
About Dominion Energy
(
Free Report)
Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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